Ann: Initial JORC Code Resource for the Unst Khud, page-3

re: Ann: Initial JORC Code Resource for the U... Seamfiend
South Gobi has started producing - so has been re-rated (to over 10x HUN's market cap using your figures).

Unst Khudag sounds very promising... hopefully we will double South Gobi's resource very soon.

With coal starting at 4 metres from surface (suggests mining costs can start from under $5/T) ..and promising an overall start up strip ratio of 1:1 (suggests overall start up mining costs of less than $10/T - that should really keep costs down).

- Unst Ktudag -

* Offtake agreements currently being discussed with Mongolian and Chinese coal users. Power Plant discussions commenced.
* Coal is located at less than 4m from surface with a low strip ratio of less than 1:1 from start-up
* The project is located 160km from the Mongolian railway grid